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Company price
0.205 CAD 0.01 ( 7.89%)
Last update at 2026-11-04T20:13:00Z
VOLUME
142243
Market Cap
90.68M

Momentum Score

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PyroGenesis Inc. designs, develops, manufactures, and commercializes plasma processes and solutions worldwide. The company offers DROSRITE, a process for enhancing metal recovery from dross without any hazardous by-products; plasma atomization process that allows produce and sell spherical metal powders; PUREVAP, a process to produce high purity metallurgical and solar grade silicon from quartz; and PUREVAP NSiR, which is designed to transform silicon into spherical silicon nano powders and nanowires for use in lithium-ion batteries. It provides plasma torches and plasma torch systems used to replace fossil fuel burners in industrial iron ore pelletization process; plasma arc waste destruction systems for waste destruction onboard ships; steam plasma arc refrigerant cracking systems for the destruction of certain refrigerants, including chlorofluorocarbons, hydrofluorocarbons, and hydrochlorofluorocarbons; plasma arc chemical warfare agent destruction systems, which are mobile platforms for the onsite destruction of chemical warfare agents; plasma resource recovery systems for land-based waste destruction and waste-to-energy applications; plasma torches for waste gasification and combustion; and plasma arc gasification and vitrification. It servers defense, metallurgical, mining, additive manufacturing, oil and gas, and environmental industries. Further, the company provides installation, commissioning, and start-up services. The company is headquartered in Montreal, Canada.

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Day Price Range
0.20
Low
0.20
High
52 Week Price Range
0.17
Low
0.68
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

PyroGenesis Canada Inc. develops and manufactures plasma-based systems and technologies used to produce specialty metal powders, treat industrial waste and water, and supply engineering solutions to mining, defence and additive-manufacturing customers. Long-term growth drivers include commercial adoption of plasma atomization for high-value powders, demand for waste-to-energy and environmental remediation solutions, and recurring project and aftermarket sales, which may benefit from tighter environmental rules and demand for advanced materials; investors may find the company’s IP and niche positioning attractive. Key risks include a history of unprofitable operations, reliance on a small number of contracts, execution and scaling challenges, and potential need for external financing that could dilute shareholders.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.19
Dividend Yield
-
Revenue TTM
12.57M
Revenue Per Share
0.06
Gross Profit TTM
3.80M
Debt / Equity
-0.64
ROE
-3401.19%
Net Debt
5.56M
ROCE
154.93%
Diluted EPS TTM
-0.08

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -14.86M -6.71M -28.73M -32.09M -39.17M
Net income -14.76M -6.67M -28.50M -32.17M -38.43M
Selling general administrative 14.44M 8.91M 26.62M 27.79M 26.31M
Selling and marketing expenses - - 1.68M - -
Gross profit 3.80M 5.30M 3.44M 8.14M 12.43M
Reconciled depreciation 2.07M - 2.18M 2.12M 1.39M
Ebit -13.75M -6.49M -27.07M -23.20M -17.34M
Ebitda -11.68M -5.99M -25.57M -20.96M -15.82M
Depreciation and amortization 2.07M 0.50M 1.50M 2.24M 1.53M
Operating income -12.75M -6.49M -29.74M -23.20M -17.34M
Other operating expenses 25.33M 22.14M 42.08M 42.21M 48.41M
Interest expense 1.11M 1.17M 0.90M 0.67M 0.52M
Tax provision -0.10M 0.00M -0.00M 0.08M -0.74M
Interest income 1.11M 0.23M 2.28M 8.34M 21.43M
Net interest income -0.00M - 1.60M -0.55M -0.40M
Income tax expense -0.10M -0.03M -0.22M 0.08M -0.74M
Total revenue 12.57M 15.65M 12.35M 19.01M 31.07M
Total operating expenses 16.55M 11.79M 33.18M 31.34M 29.77M
Cost of revenue 8.77M 10.35M 8.90M 10.87M 18.64M
Total other income expense net -2.11M -0.22M 1.01M -8.89M -21.83M
Net income from continuing ops -14.76M - -29.65M -32.17M -38.43M
Net income applicable to common shares - -6.67M -28.50M -32.17M -38.43M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 17.29M 29.20M 28.44M 47.67M 69.77M
Intangible assets 1.09M 1.46M 1.30M 2.10M 2.77M
Other current assets 1.34M 0.69M 1.51M 1.20M 2.05M
Total liab 27.71M 32.66M 31.66M 30.80M 29.00M
Total stockholder equity -10.43M -3.46M -3.22M 16.87M 40.77M
Deferred long term liab - - - - 0.18M
Other current liab 4.84M - 6.22M 6.07M 6.73M
Common stock 99.67M 94.80M 90.67M 85.48M 82.10M
Capital stock 99.67M - - 85.48M 82.10M
Retained earnings -143.32M -128.14M -121.89M -93.38M -61.22M
Other liab - - - - 1.75M
Good will - - - 2.66M 2.66M
Other assets - 0.23M - -0.00M -0.00M
Cash 1.09M 2.98M 1.80M 3.45M 12.20M
Cash and equivalents - - - 0.00M 8.63M
Total current liabilities 26.16M 28.57M 23.81M 25.80M 24.75M
Current deferred revenue 9.88M - 10.99M 9.67M 9.40M
Net debt 5.56M - 7.79M 3.47M -4.98M
Short term debt 5.09M 0.09M 1.75M 3.73M 3.02M
Short long term debt 2.74M - - 1.06M 0.08M
Short long term debt total 6.65M - 9.59M 6.92M 7.22M
Other stockholder equity 33.43M 0.27M 27.59M 24.77M 19.88M
Property plant equipment - 7.60M - 8.21M 9.48M
Total current assets 10.74M 19.35M 16.80M 27.45M 38.76M
Long term investments 0.05M - - 6.24M 14.90M
Net tangible assets - - - - 35.51M
Net receivables 5.93M 10.42M 11.58M 20.92M 23.62M
Long term debt 0.16M 0.89M - 0.32M 0.11M
Inventory 2.38M 2.54M 1.91M 1.88M 0.89M
Accounts payable 6.35M - 4.85M 6.32M 5.60M
Accumulated other comprehensive income -0.21M - 0.41M 0.00M 0.00M
Non currrent assets other 0.59M - 0.05M 1.00M 1.20M
Non current assets total 6.55M - 11.63M 20.22M 31.01M
Capital lease obligations 3.75M - - 5.53M 5.32M
Long term debt total - 4.10M - 3.18M 2.50M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 2.82M - 1.46M -0.37M 3.66M
Change to liabilities - - - - 4.46M
Total cashflows from investing activities 2.56M 1.66M 3.05M -0.37M 2.72M
Net borrowings 0.62M - 2.76M - -0.28M
Total cash from financing activities 5.65M 1.52M 7.37M 2.64M 9.47M
Change to operating activities - - - - 0.12M
Net income -14.76M -6.67M -28.50M -32.17M -38.43M
Change in cash -1.89M 1.17M -1.64M -8.76M -5.90M
Begin period cash flow 2.98M 1.80M 3.45M 12.20M 18.10M
End period cash flow 1.09M 2.98M 1.80M 3.45M 12.20M
Total cash from operating activities -10.09M -2.10M -12.05M -11.13M -18.11M
Issuance of capital stock 5.23M - 6.28M 1.32M 0.00M
Depreciation 2.07M 1.41M 2.20M 2.12M 1.39M
Other cashflows from investing activities -0.25M 2.01M -0.25M 0.32M 4.47M
Dividends paid 0.00M - 0.00M 0.00M 0.00M
Change to inventory 0.17M -0.64M -0.03M -0.99M -0.84M
Change to account receivables 1.74M -0.98M 9.55M -0.99M -12.37M
Sale purchase of stock - 4.04M 5.11M 2.73M -4.18M
Other cashflows from financing activities -0.45M -0.62M -0.92M 2.23M 13.94M
Change to netincome - - - - 31.60M
Capital expenditures 0.26M 0.35M 0.08M 0.69M 1.75M
Change in working capital 0.11M -0.06M 9.83M 4.39M -12.59M
Stock based compensation 0.69M - 3.11M 5.54M 9.76M
Other non cash items 1.91M 3.23M 1.53M 9.03M 22.33M
Free cash flow -10.36M -2.45M -12.12M -11.82M -19.86M

Peer Comparison*

Sector: Industrials Industry: Specialty Industrial Machinery

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
PYR
PyroGenesis Canada Inc.
0.01
7.89%
0.20 - 243.90 7.21 25.32 7.82 -5.92
SCHN
Schneider Electric CDR (CAD Hedged)
-0.79
3.38%
22.55 2.11 1.71 0.24 0.39 4.14 19.84
ATS
ATS CORP
-2.30
8.68%
24.20 236.74 20.92 1.56 2.47 2.01 24.10
SIS
Savaria Corporation
0.81
2.69%
30.77 30.17 21.10 2.28 3.26 2.49 14.43
VLN
Velan Inc.
-0.01
0.06%
17.49 83.37 18.15 1.16 1.33 0.85 7.72

Profile*

PyroGenesis Canada Inc.

PyroGenesis Inc. designs, develops, manufactures, and commercializes plasma processes and solutions worldwide. The company offers DROSRITE, a process for enhancing metal recovery from dross without any hazardous by-products; plasma atomization process that allows produce and sell spherical metal powders; PUREVAP, a process to produce high purity metallurgical and solar grade silicon from quartz; and PUREVAP NSiR, which is designed to transform silicon into spherical silicon nano powders and nanowires for use in lithium-ion batteries. It provides plasma torches and plasma torch systems used to replace fossil fuel burners in industrial iron ore pelletization process; plasma arc waste destruction systems for waste destruction onboard ships; steam plasma arc refrigerant cracking systems for the destruction of certain refrigerants, including chlorofluorocarbons, hydrofluorocarbons, and hydrochlorofluorocarbons; plasma arc chemical warfare agent destruction systems, which are mobile platforms for the onsite destruction of chemical warfare agents; plasma resource recovery systems for land-based waste destruction and waste-to-energy applications; plasma torches for waste gasification and combustion; and plasma arc gasification and vitrification. It servers defense, metallurgical, mining, additive manufacturing, oil and gas, and environmental industries. Further, the company provides installation, commissioning, and start-up services. The company is headquartered in Montreal, Canada.

1100 RenE-LEvesque Boulevard West, Montreal, QC, Canada, H3B 4N4

514 937 0002

88

Name Title Year Born
Mr. Photis Peter Pascali Jr. Chairman, Pres & CEO 1960
Mr. Andre Mainella C.A., CPA Chief Financial Officer NA
Mr. Pierre Carabin MEng, P.Eng. CTO & Chief Strategist 1969
Ms. Rodayna Kafal VP of Investor Relations, Communications & Strategic Bus. Devel. and Director NA
Ms. Me Sara-Catherine L. Tolszczuk Corp. Sec. NA
Mr. Massimo Dattilo VP of Sales NA
Mr. Photis Peter Pascali Jr. President, CEO & Director 1960
Ms. Rodayna Kafal Vice President of Investor Relations & Strategic Business Development NA
Mr. Mark Paterson General Counsel & Secretary NA
Mr. Massimo Dattilo Vice President of Sales NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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